Swiggy scoops up $100M in funding, LinkedIn and Microsoft to launch Reinvent Assistant to aid job hunt
> Swiggy, the Bengaluru-based foodtech company, has raised Series F funding of $100 million, led by Meituan-Dianping, the Chinese e-commerce and hyperlocal giant, as well as existing investor Naspers, reports Sindhu Kashyap. The funding will primarily be used to strengthen its market position, and launch new products and services. Swiggy has raised a total of $255 million across six funding rounds.
> Just a day after launching the Falcon Heavy and pushing a Tesla Roadster into orbit as part of the payload, Elon Musk’s Tesla Motors, Inc. shared its fourth quarter 2017 financial results. The electric vehicle (EV) and energy storage company reported a cash balance of $3.4 billion entering Q1 2018 and clocked revenues of $11.8 billion in 2017, up 55 percent Y-O-Y, from organic growth, writes Harshith Mallya.
> Placio, the Delhi-NCR based student housing startup, has raised $2 million in pre-series A funding led by Singapore-based private equity firm Prestellar Ventures. Sindhu Kashyap writes that the funds will be primarily utilised to provide a superior-quality student living experience in India and Southeast Asia.
> In other news, Athira A. Nair highlights that professional social networking platform LinkedIn has announced a partnership with software titan Microsoft and is all set to launch a new feature on the latter to assist users with resumes. Named ‘Resume Assistant’, this too aims to reinvent job search and empower candidates in job-hunting.